Devon Energy said it entered into an underwriting agreement with Citigroup Global Markets Inc., BofA Securities, Inc., Truist Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the underwriters, on August 19, 2024.

1. 01

   Devon Energy said it entered into an underwriting agreement with Citigroup Global Markets Inc., BofA Securities, Inc., Truist Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the underwriters, on August 19, 2024.

2. 02

   The company agreed to sell to the underwriters 5.200% Senior Notes due 2034 with an aggregate principal amount of $1,250,000,000.

3. 03

   It also agreed to sell 5.750% Senior Notes due 2054 with an aggregate principal amount of $1,000,000,000 in the same offering. The offering is a registered public offering under the Form S-3 shelf registration statement filed on March 3, 2023.

4. 04

   The company said the offering is expected to close on August 28, 2024, subject to customary closing conditions. It also disclosed that affiliates of the underwriters are parties to and lenders under the company's revolving and term loan credit facilities.

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Original filing

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